In the closing of the recent trading day, Rivian Automotive (RIVN) stood at $17.5, denoting a +1.1% move from the preceding trading day.
Barclays analyst Dan Levy believes updates about new R2 demand will be important for Rivian stock when the company reports Q2 earnings at the end of July.
There are several reasons not to buy a Rivan. And the list is growing.
From a technical perspective, Rivian Automotive (RIVN) is looking like an interesting pick, as it just reached a key level of support. RIVN recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Rivian Automotive Inc. NASDAQ: RIVN likely hoped to complete its recent offering of 75 million Class A shares with as little fanfare as possible, but the market had other plans.
Mike Khouw revisits his Rivian trade after the stock tanks on a share offering.
Rivian Automotive (RIVN) reached $16.49 at the closing of the latest trading day, reflecting a -18.12% change compared to its last close.
Rivian's stock is down 13% as Wall Street frets about the EV maker's cash troubles.
Rivian Automotive Inc (NASDAQ:RIVN) shares declined on Tuesday after the electric vehicle maker announced a public offering of common stock aimed at raising capital for general corporate purposes. The company said it has commenced an underwritten public offering of 75 million shares of common stock and expects to grant underwriters a 30-day option to purchase an additional 11.25 million shares.
Rivian Automotive Inc (RIVN) is sliding on Tuesday morning after the electric vehicle (EV) maker announced a sizable public offering of about 75 million shares. As sudden dilution fears take center stage, RIVN is reversing much of its recent gains from a stellar quarterly delivery report, reminding investors that its expansion plans remain rather expensive.
Rivian Automotive Inc (NASDAQ:RIVN) stock is among the notable Nasdaq Composite (IXIC) laggards today, down 11.1% to trade at $17.96, on track for its worst single-session decline since November 2024.
Rivian stock is doing well this month and beating its top rivals like Lucid and Tesla, helped by its strong vehicle delivery numbers. RIVN soared to $20.15 on Monday, its highest level since January 8.